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Top SEC Accountant Shuns Changes to Fair Value Amid Bank Crisis
The SEC’s top accountant pushed back Wednesday against calls to reopen a decades-old debate over how to value certain long-term bank assets, saying investors currently have the tools they need to spot underwater holdings.
Accounting Proposal Presses Companies to Reveal Major Expenses
US accounting rulemakers on Wednesday wrapped up deliberations on a plan to force companies to break down more details about the expenses that drive their financial performance.
Accounting Plan Aims to Fix Bank Loan Loss ‘Double Count’ Woes
US accounting standard-setters want to fix a much-maligned accounting rule that has been forcing banks to “double count” loan losses when they buy or merge with another bank.
Tax Credit Accounting Eased for Urban Renewal, Energy Programs
Banks and other businesses that invest in urban revitalization projects and some renewable energy programs secured simpler accounting on Wednesday for reporting how related tax credits affect their finances.
Perrigo Executive Says Flagged Default to JPMorgan Led to Firing
A former
EU Rulemaker Focuses on ESG Reporting, Could Delay SME Rules
The European Commission’s accounting adviser said Wednesday that it would prioritize helping companies to use coming sustainability reporting standards over writing new ones.
Accounting Rulemakers Offer New ‘Reporting Entity’ Definition
The Financial Accounting Standards Board on Wednesday put the finishing touches to a definition of “reporting entity” to help it write consistent accounting standards.
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